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BlockBeats News, May 30th, the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against Texas resident Nathan Fuller, accusing him of conducting a fraud through a cryptocurrency trading project, raising approximately $12.3 million from about 150 investors. The SEC stated that Fuller, between October 2022 and mid-2024, sold related investment products to investors through entities like Privvy Investments, claiming to use a proprietary AI trading bot for cryptocurrency high-frequency arbitrage trading. According to the complaint, Fuller had promised investors returns of over 40%-50% within 30 to 45 days and claimed a guaranteed return of over 100% in as quickly as 21 days. The SEC stated that the said AI trading bot did not function as advertised, and Fuller misappropriated at least $6.2 million of investor funds for personal expenses, used approximately $5.5 million for Ponzi-like payouts, and misled investors through manipulated account statements and false documents.

BlockBeats news, May 30, former hedge fund manager and CNBC program host Jim Cramer stated that Dell’s latest financial report once again confirmed his bullish view on Nvidia. Driven by strong demand for AI servers and data center infrastructure, Dell's share price surged 30% on Friday, likely to set a record for the best single-day performance in its history. Cramer believes that as a key partner in Dell’s AI systems, Nvidia is the most worthwhile stock to buy amid the current wave of AI infrastructure construction. Cramer said: “This is the stock you should be buying.” He believes Nvidia remains the best choice for taking part in AI development and expects that during next week’s Computex in Taipei, industry executives such as Jensen Huang will further signal next-generation AI demand.

After validators implemented a long-term fix on the Sui mainnet, the vulnerability that caused network interruptions in version 1.72 has been resolved and normal operations have resumed.